Thursday, March 12, 2009

European Entrepreneurship & Social Media @Plugg

BRUSSELS-The first couple of themes from Plugg this morning focused around European Entrepreneurship (and differences with US entrepreneurship) and Social Media.

Inma Martinez , founder of Stradbroke Advisors (and speaker at Mobile 2.0 in Barcelona last summer) marked out three categories of European Entrepreneurship: Clueless, Pirates and Super Bad.

The Clueless category includes entrepreneurs with great ideas but no idea as to how to market them (see Collaborative film making experiment Wreck A Movie and their great trailer, the Pirates include entrepreneurs not afraid to break the rules (PirateBay from Sweden was quoted) and the SuperBad includes those with cheeky ideas but not much more.

The key message? It is good to be cheeky and also European Entrepreneurs should focus on product and not on technical excellence.

Jo Caudron from ONE agency stated how the Web 2.0 era has now moved us from a model of media consumption of 'feeding fish to penguins' to a 'birds and the bees' model, where the bee is spreading the word and has the real power in the social environment.

He also emphasized how Web 2.0 companies can make money by understanding that they are dealing not merely with social media but all-encompassing social business, where the social element effectively permeates all parts of traditional business spheres.